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Oil prices climb on supply concerns
Oil prices continued to rise due to fears of a prolonged disruption in Middle East supplies caused by retaliatory attacks between the United States and Iran on ships in the Strait of Hormuz and other areas. Brent crude increased by 0.54% to reach $96.80 per barrel, while West Texas Intermediate rose by 0.72% to $92.14 per barrel. This increase reflects growing concerns over how regional conflicts could impact the global oil market.
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